EURUSD Looking at the monthly time frame, we maybe witnessing the completion of a second trough formation which is higher than the previous one made in the year 2000. This would mean a new symmetrical base barrier formation connecting the higher trough made in November 2014 connecting the 2000 trough series. Over the next few months, should price action challenge the 1.1425 level, and remain above this level, this would suggest a long term trough completion which was started in November 2014. Folks, this is BIG for the euro, as it may suggest a bullish revival towards 1.25 over the next couple of years followed by 1.40 in the longer term future. I think we may be seeing the end of a strengthening USD over the next 3 to 7 years. Folks, buy Euros & wear diamonds..
Komen
aandp4life
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Diamonds with Pt or Ag?
Profit trading
Valid premise...
But ill short it at 1.14 in prep for debt currency crisis(summer -fall);
italian inverted yield curve as well as Sino yield curve inversion...
UST yield curve inversion is next! look at 2 y and 10 y < 100 bps threshold...
Good luck
LADEEc57
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@aandp4life, "prepn for a debt currency crisis ?". Have u not considered mkts have discounted this info & IS ALREADY REFLECTING IN PRICES ? I guess we'll c who's right. Meantime i'll take out the popcorn bowl.
aandp4life
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@LADEEc57, its not about right or wrong...
i respect your chart...
and the prospect that EUR is about to bail out greece for the 10000000000 time
is bullish for Euro...
just saying...
personally i can ride it to 1.14,
then from there revalidate~
kettle corn please!
LOLOLOLOL
aandp4life
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@aandp4life, actually if EUR to 1.14
gonna short to .86!
profit trading LADEE
LADEEc57
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@aandp4life, "I will persist until I succeed...now where did I hear that from ? LOL. I envy ur perseverance.
Profit trading
Valid premise...
But ill short it at 1.14 in prep for debt currency crisis(summer -fall);
italian inverted yield curve as well as Sino yield curve inversion...
UST yield curve inversion is next! look at 2 y and 10 y < 100 bps threshold...
Good luck